IHDA - Illinois Housing Development Authority



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Illinois

Housing

Development

Authority

LOW INCOME HOUSING TAX CREDIT

INITIAL MONITORING FORM

Project Information

TC# ____________

Project Name ________________________________________________________________ Project Address ______________________________________________________________

City _________________________, Illinois Zip Code______________ County ___________

Will there be an On-Site Manager? ____Yes ____No (If Yes, please supply the following information if known)

On-Site Manager’s Name ______________________

Address (If different from above) ______________________________________________________

Phone # ( ) _______________ Fax# ( ) _______________ E-Mail__________________

Type of Credit Request Compliance Period_______ (years)

New Construction _____

Acquisition/Rehabilitation _____

Rehabilitation _______ Year Building Was Built_________

Minimum Set Aside Election

_______At least 20% of the units will be rent-restricted and occupied by individuals

whose income is no more than 50% of the area median income.

_______At least 40% of the units will be rent-restricted and occupied by individuals

whose income is no more than 60% of the area median income.

Construction Information

Credits were allocated for:

# of Buildings_________ # Low Income Units_________

As of ________________ construction/rehabilitation is ________% complete.

(Date)

Date First Building Placed in Service ______________

Occupancy Status

Date of first occupancy _________________

# of Units presently occupied by Very Low Income Tenants (50% of AMI)

# of Units presently occupied by Low Income Tenants (60% of AMI)

# of Units presently occupied by Market Tenants

|File Location |

Will the tenant files be located on-site? (If no, please supply the following information)

Place ________________________________________________________

Address ______________________________________________________

City State ______________________

Project Owner Information

Project Owner Entity:

Name _____________________________________________________________________

Address ___________________________________________________________________

City_______________________________ State ________________ Zip Code __________ Name of person authorized to sign on behalf of owner _ ______________________________

Contact Person’s Name _______________________________________________________

Address (If different from above) ______________________________________________________

Phone # ( )________________ Fax # ( ) ________________ E-Mail _______________

Please check all that apply

Partnership Sole Proprietorship Land Trust

L.L.C Corporation

Project Management Company Information

Management Company Name __________________________________________________

Address ___________________________________________________________________

City ________________________________ State ______________ Zip Code ___________

Contact Person=s Name _______________________________________________________

Phone # ( ) ______________ Fax # ( ) ________________ E-mail ________________

IHDA Form TST-8

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